Median real estate price in the Village Center of Farwell is $91,977, which is less expensive than 74.0% of Michigan neighborhoods and 85.4% of all U.S. neighborhoods.
The average rental price in Farwell Village Center is currently $851, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.1% of Michigan neighborhoods.
Farwell Village Center is a rural neighborhood (based on population density) located in Farwell, Michigan.
Real estate in the Village Center of Farwell, MI is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Village Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Farwell Village Center. The current real estate vacancy rate here is 25.1%. This is higher than the rate of vacancies in 91.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (17.9%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.